S. 263 Revision for starting fishing & roving enquiries not valid

Brief of the Case

ITAT Mumbai held In the case of M/s. Rachana Finance & Investments Pvt. Ltd. & M/s. Repute Properties Pvt. Ltd. vs. CIT that in the present case, the order of AO may be brief but that by itself is not a sufficient reason to hold the order of assessment as erroneous and prejudicial to the interest of the revenue. The scope of interference u/s 263 is not to set aside merely unfavorable orders and bring to tax some more money to the treasury nor is the section meant to get at shee

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